Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1887-11-18
FIGURES FOR FINANCIERS.
FACTS FOR THE FISCAL EDITOR TO
DRAW INSPIRATION FROM.
Brief Resume of the Treasury Operations
for More Than Year-What the Presi-
dent Wrote to Mr.. Sparks-Specuiation
a Political Possibility-The Fishery
-statesmen Gathering.

for More Than a Year-What the Presi-
dent Wrote to Mr.. sparks-Specuiation
on a Political Possibility-The Fishery
Commission-Statesm Gathering.
WASHINGTON CRY, Nov. ls-According
to the report OF the treasurer of the United
States the total revenues Of the government
for the fiscal year ended June 80, 1881, were
$37 =, 403, 2g7, and the ordinary expenditures
S267, 932, IT'S; the surplus receipts available
for the reduction of the public debt being
$l03, All ,097 Compared with the previous
year the receipts increased $34, 963, $50, the
expenditures, s25, 4s9,04l, and the surplus
revenues, 50, 5l4, 509 The operations of the
year involved the redemption Of $i27, 9l1, $50
in United States bonds, of which $47, S94,-
200 was on account of the sinking fund
Statements of the assets and liabilities Of
the treasury are given for the close Of the
fiscal year, and for September 80 and Octo-
Der 81, 1887, in comparison with the same
days last year The largest increase in any
item of assets during the year ending Sep
TENDER 80 was $34, 705, 623 in gold coin and
bullion, and the largest decrease 1875, l43 ISL
in silver dollars and bullion. The largest in
crease in the liabilities was in the fund for
the retirement of national bank notes, which
ran up from $65, 1912, SAT to SfU2. 265, 1877. The
available balance decreased k26, lS2, 524, and
the total balance, including fractional silver
and minor coin, fell off sos, 236, 95l. During
the year ending October 81 the gold balance
increased $44, S22, 653 and the silver balance
decreased s2l, 2s7,772
The statement of United States notes out
H. tLak hot J,n
and Sept 80, 1857, the circulation of 81 and
81 notes gradually ran down from ISL, 800, :
900 to SIS, 4OJ, 600 This decrease has been
made up by changes in other denominations,
the volume of fives tens and twenties in
creasing about $43. 0O0, 900 The demand for
notes of these denominations has been con-
slant, and greater than the treasurer has
been able to supply. The shipments of legal
tenders and silver certificates Of small denom-
nations, together with the increase in the cir
culation of silver coins during the fifteen
months ending Sept. 30, amounted to up
wards of sl49, 0O0, 600, while in addition sew
eral millions in small gold coins have been
drawn into circulation
There were no gold certificates issued dur
ing the year. The redemptions amounted
to 50, ISL, 42S OF the total of 81, 173, 354, $50
| issued from Nov. 1865 there were outstand-
| ing at the close of the year $l2l, 4S6, Sl7. of
| which $50, 26l, $50 were in the treasury and
| $9l, 225, 43I in circulation The holdings OF
| the treasury decreased nearly sos 000, 900 In
| the year The amount outstanding Oct 81
was SlS2, 544, 93l, of which the treasury held
| So, SIS l5S.
| The silver certificates outstanding at the
| close of the fiscal year amounted to Sl45,.
| 5i3 $50, an increase of nearly $50, 600, 900 in
| twelve months The amount in the treasury
| fell off in the same period from nearly SIS,
| 600, 600 to s., 425, 1873, while the increase in
| the actual circulation was a little more
than s54, 600 600 This increase the treas
urer says, is due in part to the
demand for small notes arising from the
discontinuance of the issue of legal tender
| ones and twos. There were put out during
the year sl4, sc, 900 and SIS, 976, 900 in Ger
tiicates of these denominations respectively
and s., 100, 90 in fives The treasurer has
been unable to supply the demand for these
denominations because it has been impossible
to get them printed them fast enough. H.
regrets that he has been obliged to put then
in circulation too fresh from the presses, a,
it is the experience OF the department that
notes, to wear well, require proper seasoning
before being paid out Many complaint.
have been made that notes recently issuet
are rapidly defaced The treasurer consider
it very desirable that liberal supply should
be printed and available to meet the regular
demands at certain seasons
The coinage of standard silver dollars fol
the fiscal year was SIS, 2i6 sSl, an increas,
of 81, S77, 926 over 1856 On Oct 81 the treas
ury held S2l4, l75. 532, and there were s62
$40, CPS in circulation
There was decrease of 81, o0S, 100 durint
the year IN bonds held to secure the circula
ton of national banks, leaving on deposit
1871, $50, 700 against which there was out
standing SIG, 625, 65S in national bank notes
The semi-annusl duty collected from the ma
tional banks amounted to g., 00l 923, max
ing an aggregate of $l34, 49,, $40 since tn,
organization of the system. The average an
nual redemption of national bank note
during the thirteen years that the redemp
ton agency has been in operation, have bee
1885, 355, s57. The amount for the past year
SS7, esq 6S7-was less than in any other, excep
the three beginning with 1850 The fall
ing off in the demand for redemption
ascribed mainly to the contraction Of tn
outstanding circulation. The banks depos
tied upward of SIS, 00O, 900 to withdraw thei
circulation, an amount largely in excess O
that for any previous year. The result wa
net increase Of almost $3se 900 900 in tn
balance Of moneys held for this purpose
bringing the total to nearly SOS, 0o0, 00O Tn
large increase in this fund, he says, is due t
the retirement Of the 8 per cent bonds he'll
to secure circulation.